Circular No. 57/TC-TCDN amending and supplementing Circular No. 76-TC/TCDN dated November 15, 1996 of the Ministry of Finance on guiding the management regime of revenue, expenses, and product costs, services at state-owned enterprises.

CIRCULAR

Amending and supplementing Circular No. 76 TC/TCDN dated November 15, 1996 of the Ministry of Finance on guiding the management regime of revenue, expenses, and product cost, service cost at state-owned enterprises

Implementing Decree No. 59/CP dated October 3, 1996 of the Government promulgating the "Regulation on financial management and business accounting for state-owned enterprises," the Ministry of Finance issued Circular No. 76 TC/TCDN dated November 15, 1996 to guide the management regime of revenue, expenses, product cost, and service cost at state-owned enterprises.

To be consistent with the actual operation situation of Party organizations and mass organizations within enterprises, the Ministry of Finance amends and supplements some points in Circular No. 76 TC/TCDN as follows:

1. Repeal the provision in Part II "Specific Provisions" - Section B "Management of Expenses and Cost" - Point 7 "The following items shall not be recorded as business expenses:"

...

+ Costs of activities of Party organizations and mass organizations.

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2. The implementation of expenses for Party and mass organizations within enterprises is as follows:

- Salaries and allowances of nature salary of full-time or part-time staff of Party organizations and mass organizations shall be recorded as expenses and product cost according to Circular No. 03 TT/TC-TW dated June 16, 1993 of the Central Organization Department guiding the implementation of the temporary regulations on new salary system for cadres, employees, and civil servants of Party and mass organizations.

- In addition to the budget of Party organizations and mass organizations at enterprises funded from sources specified in Circular No. 517 TC/TCQT dated October 30, 1992 of the Central Financial Management Department guiding the implementation of the Resolution of the Political Bureau on the Party fee system; Circular Joint No. 103 TTLB dated December 2, 1994 of the joint sector of Finance - General Confederation of Labor Vietnam guiding the deduction and payment of trade union fees; membership fees of other mass organizations if insufficient, the enterprise may record them as expenses to supplement the budget for these organizations.

3. This Circular takes effect from January 1, 1997. Other provisions continue to be implemented according to Circular No. 76 TC/TCDN dated November 15, 1996 of the Ministry of Finance.h.